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840 Lagoon Business Loop

10,912 SF Vacant Flex Building Montgomery, AL 36117 £914,586 (£84/SF) 7.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Prime Location
  • Warehouse
  • Paved Parking

EXECUTIVE SUMMARY

Prime 11,000 sq. ft. +/- commercial building situated on a high-visibility corner lot in Lagoon Business Park, on 1.55 acres. This versatile property offers ample space for a variety of business operations, featuring a well-designed office area including 5 dedicated offices, reception area with file/copy room, large conference room, break room, and a separate employee entrance that includes a bathroom with shower. Ideal for growth or expansion, the building is positioned in a desirable location with easy access for customers and clients. In addition to the property, the existing business is also available for acquisition, presenting a unique opportunity for a turnkey investment. Explore the potential of owning both the real estate and an established business.

PROPERTY FACTS Under Contract

Price £914,586
Price Per SF £84
Sale Type Investment or Owner User
Net Initial Yield 7.50%
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Auto Repair
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 1.55 AC
Rentable Building Area 10,912 SF
Number of Floors 1
Year Built 2004
Parking Ratio 1.83/1,000 SF
Clear Ceiling Height 16 ft
Level Access Doors 6

AMENITIES

  • Security System
  • Wheelchair Accessible
  • Yard
  • Reception
  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting - Fluorescent
  • Gas
  • Water - City
  • Sewer - City
  • Heating - Electric

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 10,912 SF
  • Light Industrial
  • -
  • Now
  • 1st Floor
  • 8,000 SF
  • Light Industrial
  • Full Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Floor 10,912 SF Light Industrial - Now
1st Floor 8,000 SF Light Industrial Full Build-Out 30 Days

1st Floor

Size
10,912 SF
Space Use
Light Industrial
Condition
-
Available
Now

1st Floor

Size
8,000 SF
Space Use
Light Industrial
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 8,000 SF
Space Use Light Industrial
Condition Full Build-Out
Available 30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-07-36-3-000-002.020
Land Assessment
£69,986
Improvements Assessment
£116,765
Total Assessment
£186,750

ZONING

Zoning Code M-1
M-1
  • Listing ID: 33111005

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 840 Lagoon Business Loop, Montgomery, AL 36117

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